A previous round of sanctions against Iran - that began in early 2012 and ended in 2016 - allowed Saudi Arabia and Iraq to raise their Asian market share. India also raised the volumes it took from Venezuela in that period to fill the Iranian oil gap.
US President Donald Trump has been briefed on the issue, the White House said today. Washington has also accused Tehran of being behind a similar incident on May 12. Four tankers were attacked in the same, vital oil shipping route.
Initially, not even pro-American Britain would go along with President Donald Trump’s administration, with officials defending a senior British general in the coalition fighting the Islamic State who said that there was no enhanced threat from Iran in Iraq and Syria.
South Korean buyers can buy up to 200,000 barrels per day of Iranian oil under the waiver, mainly condensate, according to industry sources, and oil imports from Iran are expected to resume this month, a source has told Reuters.
Exempting payments received by NIOC for crude oil it sells to Indian refiners, the notification said the Iranian firm “shall not engage in any activity in India, other than the receipt of income under the aforesaid arrangement”.